One of the most important initiatives undertaken by the Ministry of Economy, Trade and Energy (METE) is the reform in business registration procedures. This reform will reduce in one single day the time of registration required for the new businesses and will combine in one single procedure all registration steps - including registration for tax purposes.

On May 03, 2007, a new law (no. 9723) to reform business registration, was put into force by Parliament. It establishes the National Registration Centre (NRC. This is a new public institution at the central level. This law, together with the establishment of the NRC, is an initiative of the Albanian Government and METE under the support of the Millennium Challenge Albania Threshold Agreement, administered by USAID. The National Registration Centre became operational on September 3, 2007.